The National Housing Bank, the regulator of housing finance companies, has been entrusted with the job of identifying viable projects across 10-15 cities and bring together a consortium of lenders to fund these projects.

Bank credit to commercial real estate has slowed significantly in the last one year. It contracted 1.8 per cent during April-July against 4.4 per cent growth in the same period of previous year.

As per the Ministry of Housing and Urban Poverty Alleviation, India faces urban housing shortage of over 26 million units. Besides, mortgage to gross domestic product ( GDP) penetration in India is a meagre nine per cent as against 15-30 per cent in its peer group of south-east Asia.

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New Delhi: DLF Home Developers has been asked by a district consumer forum here to pay Rs 10 lakh to one of its allottees for refusing to refund the booking amount for a flat in a project which did not have legal sanction for execution.
The forum also restrained DLF from "launching or advertising" any project without putting up on its website or in its advertisement information about the legal

Thiruvananthapuram: Kerala government is considering a proposal to sanction housing loans with subsidy to people belonging to weaker sections, Minister for Finance and Housing K M Mani said here today.
The loans would be made available to those having at least two cents of land in their possession, he said in a statement released here in connection with the World Habitat Day to be celebrated

JODHPUR: Delay in land acquisition and environmental clearances are taking a toll on construction projects and escalating their prices, Builders' Association of India (BAI) said today.
A total of 700 builders from 265 branches of BAI from across the country met for a two-day meet here from September 28-29 to bring to government's notice the issues of land acquisition, environmental clearance a

NEW DELHI: Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures ( OFCDs) from their investors will refund the amount within three months.
"We will refund the amount. There is no question of going back," senior advocate Gopal Subramaniam, appearing for the company, told a bench headed by Justice

In its recent analysis on luxury homes in Bangalore, real estate consultant Jones Lang La Salle estimated that there are 1,100 homes in the city that fall in the “super luxury” segment — those with a price tag of Rs 5 crore and more. The cream of these are the apartments in and around the city centre, known as the Central Business District (CBD), akin to Colaba in Mumbai or Connaught Place, Delhi

The controversy over the relevance of Cash Reserve Ratio (CRR) has resurrected with HDFC Bank, India's second biggest private sector lender pitching for a review on quantum of deposits that banks need to park with the Reserve Bank of India (RBI).
"Some amount of CRR is necessary but the quantum can be examined. Also, it is necessary to review if we have to pay interest on CRR. Most countries h

Go Green to reduce your carbon footprint.’ With the movement fast catching on, how can real estate be behind? Enter green buildings, which aim at fostering a lifestyle that wean us away from our wasteful ways. Even as the concept is fast catching on, one of the primary reasons why such structures are the future of the urban habitat is due to the savings on construction costs, which benefits both

A huge impetus to the real estate sector could help arrest the present slowdown in the economy to a projected growth rate of around 6% in 2012-13 as against 6.5% in 2011-12 and 8.4% in 2010-11 , real estate experts say.
In 2008-9 also, when India's growth had slowed down to 6.7%, from 9.3% in the previous year, the revival of the real estate sector due to launch of houses in the affordable seg

Ludhiana: While industry is looking for better options outside Punjab, investors are not showing much interest to invest in Punjab. The proof was seen today at the auction organised by Greater Ludhiana Area Development Authority (GLADA) for its 1-acre land on Ferozepur Road adjacent to Westend Mall. The reserve price of this land was Rs 75 crore.
Although elaborate arrangements had been made f

New Delhi: A new land pooling policy that will encourage active involvement of the private sector is being considered as alternative to land acquisition by the Delhi Development Authority (DDA).
“The National Council of Applied Economic Research (NCAER) was asked to look into the policy to see if it made economic sense. Their report has been submitted and they have suggested certain models for